Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War

Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War

President Donald Trump said he spoke with Chinese President Xi Jinping on trade and North Korea ahead of a meeting planned between the two leaders at the G20 summit next month.

Donald Trump said trade talks were "moving along nicely" and that meetings were "being scheduled" at the G20 summit in Buenos Aires.

"I agree, this phone conversation was an extremely positive phone conversation", Lu said at a regular briefing.

China and the United States are locked in an increasingly bitter trade war. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America.

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.

Stock markets in Europe and Asia rallied this morning after a phone call between President Trump and President Xi raised hopes of a thaw in trade tensions.

On Thursday Chinese Premier Li Keqiang also told a group of visiting USA politicians that China and the United States could overcome their differences and get relations back on track if they worked together in a spirit of mutual respect.

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"The two countries' trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-US trade issue", Xi said on CCTV state television.

Earlier this year, the Trump administration imposed tariffs on $250 billion worth of Chinese goods, prompting Beijing to retaliate.

In recent months, China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Mr Trump change his mind.

The report lit a fire under stock markets that have beset by fears of a full-blown trade war between the world's two biggest economies.

China's Premier Li Keqiang, right, speaks next to Tennessee Senator Lamar Alexander during a meeting with a group of U.S. Republican senators and Congress members at Zhongnanhai leadership compound in Beijing, Thursday, Nov. 1, 2018.

"We do hope that China and the United States will meet each other halfway and work together in the spirit of mutual respect and equality", Li told Trump's fellow Republicans. And they're having a hard time, and they'll be fine, ' Trump said Wednesday. "China does not want to see this", he said, according to Xinhua.

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